Successful proponent announced for the next phase of the Aboriginal economic development opportunity

A successful proponent has been selected from the recent request for social impact investment (SII) proposals aimed at supporting Aboriginal economic development.

The decision was announced by the Acting Treasurer, Minister for Aboriginal Affairs and Minister for Skills and Tertiary Education on 20 December 2019.

Momentum is an integrated three-phased program to be introduced in Northern NSW to remove barriers for Aboriginal and Torres Strait Islander people obtaining birth registration, a birth certificate, a driver licence and accessing training and employment opportunities.

It will be delivered by a consortium of partner organisations – Pathfinders, ACE Community Colleges, Real Futures and Serco Australia.

OSII looks forward to working collaboratively with the Momentum consortium, Department of Education and NSW Aboriginal Affairs over the coming months to further develop the proposal during the joint development phase. Subject to the outcome of these negotiations, the NSW Government will enter into a transaction with the consortium. 

The $10 million, announced in the 2018-19 NSW Budget, will be delivered over four years. The program is anticipated to commence in the second half of 2020.

OSII sincerely thanks all who applied for this opportunity, for their time, interest and submissions. 

Read more about the announcement on the media release and NITV news article